The 18th Session of the Uzbek-British Trade and Industry Council was held in London
On November 15-18, 2011 the delegation of the Republic of Uzbekistan headed by the Minister of Economy HE Mrs. Galina Saidova has visited London. The delegation also included the Chairmen of SJSC “Uzkimesanoat” (chemical industry) and “Uzpharmsanoat” (pharmaceuticals) - Mr. Kh.Shermatov and Mr. M.Dusmuratov, Acting chairman of the State Committee on Geology and Mineral Resources Mr. I.Turamuratov, the First deputy chairman of the NHC “Uzbekneftegaz” (oil industry) Mr. Sh.Majitov, Deputy Minister of Higher and Secondary Special Education Mr. M.Karimov, Deputy Chairman of the National Bank of Foreign Economic Activity Mr. A.Ahmedhodjaev, the Director of the “Uzinfoinvest” Agency Mr. J.Tadjiev, as well as representatives from the Ministry of Foreign Economic Relations, Investments and Trade, Academy of Sciences and “Uzbektourism”. They were accompanied by HE Ambassador Otabek Akbarov and the staff of the Uzbek Embassy in London.
The head of the Uzbek delegation held meetings with the Co-chairman of the Conservative Party Rt Hon Baroness Saida Warsi and the Minister of State Rt Hon Lord David Howell, during which they discussed the current state and prospects of bilateral relations in trade, economic and other spheres. There has been a mutual interest in expanding and strengthening these ties in all promising areas.
The 18th Session of the Uzbek-British Trade and Industry Council (UBTIC) with the participation of Uzbek delegation was held on November 17, 2011 at the Queen Elizabeth II Conference Centre in London.
From the British side the meeting was attended by UBTIC’s Co-chairman Dr. Hartley Booth OBE, FCO and the Department of Trade and Investment officials, as well as over 100 representatives of business, parliamentary and expert circles. Among the participants were such companies as “Rio Tinto”, “Worley Parsons”, “Exxon Mobil”, “Tethys Petroleum”, “Shell”, “British American Tobacco”, “Kellogg Brown & Root”, “Mott MacDonald”, as well as representatives of several British universities.
UBTIC is the main bilateral forum designed to promote economic, trade and investment relations between Uzbekistan and the United Kingdom. Council meetings are held annually, alternately in Tashkent and London.
The agenda of the 18th Session of UBTIC covered wide range of topics, in particular, the presentation of new investment opportunities in Uzbekistan, including in the Free Industrial Economic Zone “Navoi”, the current state and prospects of cooperation in oil and gas, energy, mining, chemical and pharmaceutical industries, the implementation of the Clean Development Mechanism projects, development of the Centre of High Technologies in Tashkent, cooperation in the field of banking and financial sectors as well as the areas of education, tourism and high-tech technologies.
In her address to participants of the meeting Minister Saidova noted: “This year, Uzbekistan celebrated the 20th Anniversary of its Independence. During this historically short period of time, our country, implementing under the leadership of President Islam Karimov its own strategy of economic reforms, which became widely known in the world as the “Uzbek model”, has achieved significant economic and social success.
Today Uzbekistan is the leading industrial center in the region. The active investment policy of our state, technical modernization of industries and manufacturing infrastructure helped to create and develop new high-tech industries such as automobile production, gas and petrochemicals, electric-technical, oil and gas, railway engineering, pharmaceuticals, textile, furniture and building materials industry.
Uzbekistan is open to continue a mutually beneficial dialogue in order to increase the volume of bilateral trade and enhance investment cooperation, particularly foreign direct investment of the British companies, which are leaders in their fields on the international scale”.
UBTIC’s Co-chairman Dr. Hartley Booth OBE, congratulating Uzbekistan with the 20th Anniversary of Independence, underlined that during over 18 years of its successful operation UBTIC became the key to the development of Uzbek-British economic cooperation, stressing that “this session was attended by the biggest number of representatives of British businesses”.
He said that Uzbekistan, having rich natural resources, strong human potential, tends to create most favorable conditions for foreign investments. These factors contribute to the fact that leading British companies intend to actively expand their presence in the country.
The meeting participants were also welcomed by the Minister of State Rt Hon Lord David Howell of Guildford who noted the growing cooperation between Uzbekistan and the United Kingdom on a wide range of issues. He also stressed that “this year even more companies are taking part at UBTIC. I really hope that this meeting will lead to concrete projects”. He confirmed the readiness of the British government to further promote trade and economic cooperation with Uzbekistan.
According to Lord Howell, “Today, the Central Asia is becoming one of the economic centers for the UK. Uzbekistan during 20 years of Independence has achieved great results on the way of stability and prosperity and has a huge investment potential, highly qualified personnel, as well as rich natural resources and rapidly growing domestic market. My government would like to see Britain working ever more closely with Uzbekistan over next 20 years and build a partnership with your country on a long and fruitful manner”.
On the British side presentations were also made by such companies as “Worley Parsons”, “Tethys Petroleum”, “Exxon Mobil”, “Rio Tinto”, “Nationwide Technologies”, “SNR Denton”, “Gasasia”, as well as the universities of Cambridge, Westminster and East Anglia. They highly appreciated the economic and intellectual potential of Uzbekistan and expressed interest in expanding business and academic ties with our country.
During the visit, the Uzbek delegation also held meetings with several British and international companies and banks, where they discussed a wide range of current and future areas of cooperation. Memorandum on cooperation between “Uzbekneftegaz” and “Tethys Petroleum” and the Protocol of negotiations on the implementation of Clean Development Mechanism projects in the enterprises of SJSC “Uzkimesanoat” under the Kyoto Protocol with the company “Johnson Matthey PLC” were signed.
Minister G.Saidova, Rt Hon Baroness S.Warsi
and HE Ambasador O.Akbarov
Minister of State Rt Hon Lord Howell of Guildford,
Minister Saidova and HE Ambasador Akbarov
Delegation of Uzbekistan
HE Minister Saidova
Co-chairman of UBTIC Doctor Hartley Booth, OBE
Minister of State Rt Hon Lord Howell of Guildford
First deputy chairman of the NHC “Uzbekneftegaz”
Vice-president of Exxon Mobil Mr. Ph.Mulhall
President of Tethys Petroleum Doctor D.Robson
General Director for Central Asia of Rio Tinto
Director for business development of Worley Parsons Ms. E.Potaenko
Chairman of Cambridge Central Asia Forum Professor S.Saxena
First Deputy rector of Westminster International University in Tashkent Doctor A.France, OBE
Rector of the University of East Anglia London
Signing of the Memorandum of Understanding between “Uzbekneftegaz” and “Tethys Petroleum”
UBTIC meeting participants
UBTIC meeting participants
UBTIC meeting participants
Press-service of the Embassy London, 31 December 2011